JPMorgan's Growing Loss Shakes Investor Faith

by Yuki Noguchi, NPR

Traders who made calamitous bets on corporate debt have cost JPMorgan Chase nearly $6 billion so far. The bank announced the losses on Friday but said the firm still managed to earn $5 billion in the second quarter. But the impact of the trading loss goes far beyond the bottom line.

Broadcast Dates

• All Things Considered, July 13, 2012